Dev Information Technology Limited to Transfer ByteSIGNER and Talligence to Byte Technosys Private Limited
Mumbai – April 01, 2026 – Dev Information Technology Limited (DEV IT) (NSE - DEVIT, BSE - 543462 | INE060X01034), a global IT services company, announced that its Board of Directors has approved the transfer of its product businesses, ByteSIGNER and Talligence, to Byte Technosys Private Limited, an associate company.Transaction Details
The transaction involves a cash consideration of ₹ 11.90 Crore and is structured as a standalone slump sale. Completion is expected on or before September 30, 2026. The transaction qualifies as a related party transaction and is being executed on an arm's length basis, supported by an independent valuation.Business Transfer and Buyer Profile
Byte Technosys Private Limited provides IT infrastructure management services, software development, and IT consultancy. The entity is an associate company of DEV IT.Strategic Rationale
This transaction aims to enhance operational efficiency, eliminate redundancies, and improve go-to-market alignment. It is expected to support margin improvement through cost efficiencies and strengthen oversight through a simplified structure. The move allows ByteSIGNER and Talligence to scale within a more focused environment, while enabling DEV IT to concentrate on its core capabilities.Commenting on the Update, Dev Information Technology's Management said: "This is a strategic step towards simplifying our structure and sharpening our focus on core business areas. By transferring ByteSIGNER and Talligence into a separate entity, we are creating a more focused environment for both businesses to grow, execute efficiently and scale in line with their respective opportunities.”
About Dev Information Technology Limited
Dev Information Technology Limited (DEV IT), founded in 1997 and listed on NSE & BSE, offers Cloud Services, Digital Transformation, Enterprise Applications, and Managed IT Services. The company is certified to ISO 20000, ISO 27001, ISO 9001 & CMMI Level 5.In Consolidated FY25, the company reported Total Income of ₹ 1,839.09 Mn, EBITDA of ₹ 237.18 Mn and Net Profit of ₹ 147.80 Mn.
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